The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash Marketable securities Accounts and notes receivable (net) Inventories $383,000 443,500 181,500 760,300 391,700 $319,200 359,100 119,700 512,400 327,600 $1,638,000 Prepaid expenses Total current assets $2,160,000 Current liabilities: Accounts and notes payable (short-term) Accrued liabilities Total current liabilities $278,400 201,600 $480,000 $294,000 126,000 $420,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. Current Year Previous Year $ 1. Working capital 2. Current ratio 3. Quick ratio . Most of these changes are the result of an b. The liquidity of Nilo has from the preceding year to the current year. The working capital, current ratio, and quick ratio have all in current assets relative to current liabilities